Assessee has Following Incomes
Salary: 1000000
44ADA Turnover: 1500000 and Profit Shown: 975000
F&O Turnover: 1400000 and Loss: 350000
Can Assessee opt for 44ADA for profession and Prepare books for F&O Loss. Whether Tax Audit Applicable?
Rahul Pawar (Assistant) (28 Points)
29 July 2024Assessee has Following Incomes
Salary: 1000000
44ADA Turnover: 1500000 and Profit Shown: 975000
F&O Turnover: 1400000 and Loss: 350000
Can Assessee opt for 44ADA for profession and Prepare books for F&O Loss. Whether Tax Audit Applicable?
Rahul Pawar
(Assistant)
(28 Points)
Replied 29 July 2024
Originally posted by : Dhirajlal Rambhia | ||
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Yes, Not applicable. |
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Thanks Sir.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(172528 Points)
Replied 29 July 2024
Originally posted by : Anderson Clane | ||
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What is tax audit under Section 44AB? | ![]() |
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)